Brokerages Expect Valeritas Holdings, Inc. (NASDAQ:VLRX) Will Announce Quarterly Sales of $5.14 Million
Analysts expect that Valeritas Holdings, Inc. (NASDAQ:VLRX) will report sales of $5.14 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Valeritas Holdings’ earnings. The highest sales estimate is $5.29 million and the lowest is $5.00 million. Valeritas Holdings reported sales of $4.89 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The firm is scheduled to announce its next earnings report on Wednesday, August 9th.
On average, analysts expect that Valeritas Holdings will report full year sales of $5.14 million for the current fiscal year, with estimates ranging from $21.84 million to $22.43 million. For the next fiscal year, analysts anticipate that the business will post sales of $28.04 million per share, with estimates ranging from $26.03 million to $30.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Valeritas Holdings.
Valeritas Holdings (NASDAQ:VLRX) last released its quarterly earnings results on Friday, May 12th. The company reported ($6.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.72) by $4.20. The business had revenue of $4.61 million for the quarter, compared to analysts’ expectations of $4.64 million.
A number of brokerages recently commented on VLRX. ValuEngine upgraded Valeritas Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. B. Riley restated a “buy” rating and set a $10.00 target price on shares of Valeritas Holdings in a report on Wednesday, May 17th. Finally, Cowen and Company started coverage on Valeritas Holdings in a report on Monday, April 17th. They issued an “outperform” rating for the company.
Valeritas Holdings (NASDAQ VLRX) opened at 6.7816 on Friday. The company’s market cap is $46.40 million. The firm’s 50-day moving average is $5.20 and its 200 day moving average is $18.96. Valeritas Holdings has a 12-month low of $4.51 and a 12-month high of $52.00.
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In other news, insider John Edward Timberlake acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $5.14 per share, for a total transaction of $25,700.00. Following the completion of the acquisition, the insider now owns 23,037 shares in the company, valued at $118,410.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 11,500 shares of company stock valued at $57,615. 1.20% of the stock is owned by corporate insiders.
An institutional investor recently bought a new position in Valeritas Holdings stock. HighTower Advisors LLC bought a new position in Valeritas Holdings, Inc. (NASDAQ:VLRX) during the first quarter, according to its most recent disclosure with the SEC. The fund bought 27,400 shares of the company’s stock, valued at approximately $195,000. HighTower Advisors LLC owned approximately 1.67% of Valeritas Holdings at the end of the most recent reporting period. Institutional investors own 11.65% of the company’s stock.
Valeritas Holdings Company Profile
Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.
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